Question: Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by $10,000 per year for the next 12 years. Fabco's MARR is

Fabco, Inc., is considering purchasing flow valves that will reduce annual

Fabco, Inc., is considering purchasing flow valves that will reduce annual operating costs by $10,000 per year for the next 12 years. Fabco's MARR is 7\%/year. Using an internal rate of return approach, determine the maximum amount Fabco should be willing to pay for the valves. \$

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